Apr

14

Although the stated goal is to reshore high-tech manufacturing, exempting tech products undermines that aim, while taxing low-end goods won't bring back production that left decades ago. The policy thus fails on both fronts: it neither restores domestic manufacturing of cheap goods nor incentivizes reshoring of advanced technology.

In any case, the US dominates the key technologies of the future. China is only a follower and Europe is not even in the competition so far. So regardless of who is the the Pres or what he is doing, dynamics related to growth may remain untouched.

For a counter, however, once again the “Tweet-based policy” during the weekend eroded predictability of statistical patterns.


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